Baku, Azerbaijan, Dec.28
By Leman Zeynalova – Trend:
BP and Australia’s Woolworths Group (Woolworths) have agreed on a strategic partnership.
This partnership will include BP acquiring, rebranding and operating Woolworths’ existing 527 fuel and convenience sites across Australia, as well as an additional 16 sites currently under construction, for a total consideration of $1.3 billion, said BP’s website.
Initially, BP and Woolworths will launch a Metro at BP pilot program across 16 BP fuel and convenience sites, allowing both companies to test the offer and generate customer feedback. A second phase will see a further expansion of the Metro at BP format across more than 200 sites.
BP is one of the largest suppliers of fuel to Australia’s industrial and commercial sectors. The company is also one of Australia’s most significant investors, most visibly through its terminals, retail fuel sites and refinery.
Founded in 1924, Woolworths Group is Australia's largest retailer with more than 3,500 stores across Australia and New Zealand that span food, drinks, petrol, general merchandise and hotels.
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